Assign Dropdown Deed For Free

Drop Down Entity means any Person in which Equity Interests are acquired by any Credit Party as part of any Drop Down Acquisition that constitutes a Material Acquisition; provided that any such Person shall only constitute a Drop Down Entity so long as less than 100% of the Equity Interests in such Person are owned by

Drop-Down Transaction means an acquisition of Property by the Company or any Restricted Subsidiary from any Person in one or a series of related transactions.

Rollover equity is when a seller reinvests a portion of the proceeds from a sale into equity of the acquisition company that is formed to buy the business. This portion can be as small as 5 percent to as much as just less than control at 49 percent.

Asset Dropdown means the sale or contribution by Holdings to the Parent Borrower or any Subsidiary of all of its assets to the extent permitted by applicable law or third party contracts, except as otherwise agreed to by the Administrative Agent.

Go to Formulas > Name Manager. In the Name Manager box, click the named range you want to update. Click in the Refers to box, and then on your worksheet select all of the cells that contain the entries for your drop-down list. Click Close, and then click Yes to save your changes.

Select the cell where you want a drop-down list. Click Data Validation, select List, click in Source, press F3, select the name, click OK, and click OK again.

In an LLC "drop-down" structure, the target company forms a new limited liability company (LLC) subsidiary. Next, the target company contributes assets to its new wholly owned (and disregarded for tax purposes) LLC.